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Hype is of course important when real to back up a good project. Fake hype only to grab people. all we can do is make people aware
but nowadays shitcoins are also using the same strategy to grab people and to achieve a short-term profit. Sometime i saw some shitcoin raised 5x to 7x within a day. We shouldn’t purchase those form that point cause then tbose are again get down. and Its difficult to make people awere if they themself can't get themself out of this trap and control their greed
Actually there is nothing wrong with hype, I think hype is needed to attract investors and make prices continue to rise. The problem is that not all
hype projects are good for us to follow, so we really have to be careful when we choose projects for investment. As you said that nowadays many
shitcoins are created for pump and dump, in order to generate short-term profits for early investors. Cause if we sell shitcoins too late, our money
will be stuck in those shitcoins for a long time. So when we see the hype projects, don't be in a hurry to join, but do research and analysis on
these projects, is it worth our money to invest in these projects or not. I agree not to let greed overwhelm us, so that it makes us make
the wrong decisions. Although shitcoins can go up to 5x-7x but the risk is very big, we better invest in top coins that generate smaller profits,
but has a small risk.
Not only that amount, shit project can bring big fortune, the very reason why a lot of newcomers falls to this scheme.
People think that if luck permits them to pick the right meme/shit asset and successfully sell it with the hypes, their lives will be changed forever.
sad but if you only work that way, the chance of failing is really high, losing everything just because you believe that you will earn a huge amount by participating in scam projects.
Think Wisely and if possible to avoid those kinds of hypes, better to do so, unless you are willing to lose.
Most are newbies who are interested in shitcoins, because they are not experienced, so they think if they find meme coins that can go up drastically
and provide big profits. It can happen to all meme coins, so it's not surprising that after Dogecoin managed to hype, so many new meme coins
appeared, because scammers know that a lot of newbies will be interested in it. Therefore, in choosing projects, don't be obsessed with looking
for projects that can provide very large profits, but choose projects very carefully. Do research and analysis of the projects that we will buy,
and don't choose projects based on other people's opinions. Because we ourselves ultimately have to be responsible with the money we have,
so make sure we invest in good projects.